Tag Archive | "Europe"

This week saw mortgage rates revisit near record all time lows as the market dealt with concerns of a European debt default. This time it was Italy in the crosshairs as Italian Prime Minister Berlusconi agreed to resign. The market is likely to look favorably to a resolution in the Italian drama, but some analysts still have […]

Mortgage rates were helped out last week by renewed concern over the European debt default crisis and Greece’s possible referendum vote. Without this concern in the eyes or the market, it is very likely that rates would have increased given somewhat positive comments that came out of the FED meeting last week. This week has […]

Mortgage rates showed improvement earlier in the week and then lost some ground yesterday when the Greek Prime Minister George Papandreou announced that he was calling off a scheduled referendum on a proposed Greek bailout. The markets are happy to hear that such a referendum cannot prevent the proposed bailout from occurring, which negatively affected rates. […]

The Federal Open Market Committee (FOMC) concluded its two day meeting today with a 9-1 vote to leave the Fed Funds Rate (the rate at which lending institutions lend to each other) unchanged within its current target range of 0.00%-0.25%. Some Key Points From the FOMC Press Release: “Economic growth strengthened somewhat in the third quarter, […]

Yesterday, mortgage rates rose on news of a solution to the debt issues affecting the Eurozone. Also affected were the Stock and Bond Markets with the Dow surging 339 points. Today, data was released for September’s Personal Income and Outlays report, Employment Cost Index (ECI) and University of Michigan’s Index of Consumer Sentiment for October. The Personal […]

Mortgage rates set record all time lows yet again this week on the back of more global fears about European debt default and general anxiety over the U.S. economy as a whole. While employment is an issue for many and economic data as a whole has been negative as of late, the levels that mortgage […]